U.S. Treasury Secretary Summers
Applauds Mexico's Turnaround

By

Damian Milverton Dow Jones Newswires

Updated Dec. 20, 2000 12:01 a.m. ET

MEXICO CITY -- U.S. Treasury Secretary Lawrence Summers met with Mexico's newly-elected President Vicente Fox and his economic team and declared that all are "focused" on pushing ahead with fiscal and structural reform.

"Mexico has experienced healthy growth. Mexico's fundamentals are far sounder than they were then, with a feeling of optimism about the future," Mr. Summers said.